/Rahko raises £1.3M seed from Balderton for quantum machine learning tech – TechCrunch – Gooruf (via Qpute.com)
Rahko raises £1.3M seed from Balderton for quantum machine learning tech – TechCrunch - Gooruf

Rahko raises £1.3M seed from Balderton for quantum machine learning tech – TechCrunch – Gooruf (via Qpute.com)


Article summary

Rahko raises £1.3M seed from Balderton for quantum machine learning tech Mike Butcher @mikebutcher / 14 hours There remains a problem with the race to create a quantum computer, which is that experiments in this area can be extremely error-prone. Rahko is a new U.K. startup that thinks it can address this problem with what’s known as “Quantum machine learning. It’s now raised £1.3 million in a seed round led by Balderton Capital, a rare move for a VC that normally only comes in at a Series A level. It was started by co-founders Leonard Wossnig, Edward Grant, Miriam Cha and Ian Horobin.

They say the QML platform attracted serious attention from a tech giant and overtures were made. Chemical simulation is a vital capability for research that has not advanced significantly in recent years due to the limited computational power of classical computers. Rahko claims it has an arsenal of tools that may make quantum computers accessible and commercially usable at an accelerated pace, often through the use of hybrid approaches with classical computers. We are delighted to welcome on board this unique group of investors who truly share our excitement.

” Earlier this year, Wossnig was the recipient of the prestigious 2019 Google Fellowship in Quantum Computing for his achievement in computer science. Rahko is one of several startups originating from UCL’s Computer Science programme, supported by Conception X, a venture builder for deep tech startups. It’s estimated this will be in three-five years. Until this happens it is a little premature to say definitively who is leading the race.

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